Blog: Where are the new BRICs?
Joe Ayling | 10 September 2010
Civets, the "small, lithe-bodied, mostly arboreal mammals native to the tropics of Africa and Asia", or so you thought.
As outlined by a comment piece on just-style today (10 September) the CIVETS are also an acronym for a new series of emerging markets.
For the past nine years it had been BRICs that excited expanding fashion brands, with Brazil, Russia, India and China leading the charge in terms of GDP growth and potential for organised retail. They still do, but their 'noisy neighbours' now make up the word CIVETS, and include Colombia, Indonesia, Vietnam, Egypt, Turkey and South Africa.
Investment bank Goldman Sachs dreamed up the acronym BRICs, while HSBC and The Economist Intelligence Unit are tussling for credit when it comes to CIVETS.
The phrase is taking a little time to sink in on the just-style newsdesk. But just like 'BRICs' sparked visions of solidarity and bricks and mortar, there's something quite intriguing about the CIVETS.
Over the past month, Donald Trump and his team failed to offer any clear plan to ensure Americans would "Buy American, Hire American" - while the British government's attempts to clarify the specifics...
The Bangladesh government was forced to respond late last week to pressure over its crackdown on labour activists after a number of global brands and retailers, including H&M and Inditex announced pla...
Fresh from their disappointment at seeing the Trans-Pacific Partnership (TPP) free trade deal abandoned last month with an executive order by President Donald Trump, the US apparel and footwear sector...
With the ultimate aim of ensuring all the cotton in its products is sourced sustainably, value clothing retailer Primark is adamant that having a business model focused on offering the lowest prices o...
- Digitalisation and data to disrupt supply chains
- Unlocks for the future fashion sourcing landscape
- EU eyes mandatory due diligence for apparel supply
- Where next for Corporate Human Rights Benchmark?
- What TTIP might mean for US, EU textiles & apparel
- Li & Fung forms supply chain partnership with PVH
- US Q4 in brief – Finish Line, Oxford Industries
- Sears has "substantial doubt" of future
- Levi Strauss and ILO probe Cambodia factory death
- Adidas mulls roll-out of in-store customisation
- Central and East Europe Report Package
- Central America strategic sourcing review - a focus on Guatemala, El Salvador and Honduras
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- When Things Go Wrong - A Practical Guide to Managing Common Problems in Apparel Sourcing
- REPORT BUNDLE: Africa-Med, Southeast Asia and Central America strategic sourcing pack